The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1887-09-13


entirely transform the condition of the trade
from depression to prosperity, from drag
ging production to extreme activity. An
other feature which contributed to the
English spinners profits as the season
opened was the count of stock of cotton at
Liverpool the last of September, made pub
lie October first, which disclosed the total on
hand as 81 900 of American besides $4,000
Egyptian ard 1000 sundries 900 bales
in ALI more than the running estimate.
This discovery, coming at the time when
large estimates of the American crop pre-
vailed, induced considerable decline in the
raw material, and as spinners were under
contract on basis OF the higher rate for
cotton. the difference Injured wholly to their
advantage.
in the south the conditions during the
entire season have been all that could be
reasonably hoped for. Where mills have
not improved their situation this year, it
must have been due to some very excep-
tional drawbacks; it certainly has not been
due to lack OF demand. Almost the entire
southern section of the country has been
greatly prospered, and the consumption OF
those states, both of northern and southern
makes of goods, have largely increased.
The Chronicle hears also of an enlarged de-
mand for yarns made in the south, from
northern mills. heavy weights, if we mistake
not, in all cases. This has been feature
to an extent in previous years, and we see
no reason why it might not, under faYora-
bic circumstances as to freights, be made
growing industry. Southern managers
have come TO realize that the advantages of
situation, etc, they enjoy are not so great
in any case as to permit mill to be built
or conducted except with strict regard to
obtaining best results with given capital.
But granting they have advantages, they
might. We should think in many cases, be
more effcctually reaped through spinning
yarn for northern mills. The spinning and
the manufacturing departments are not by
any means as extensively separated among
us as in Great Britain. But if that practice
is found by long experience to be more
economical there, it seems as if we ought to
come to 1t in the end; and in that case, why
might it not fall to the share of the south, in
a larger measure, to spin the yarn where
the raw material is found?
SO far as India is concerned, the exports
have reached an aggregate of PA million
dollars, though the trade began with 81
million in 1876; the United States exported
in value about II million in 1876 and this
year about Is millions. The increase in
spindles is not, however, large or rapid, the
total number of mills reported in 1886 being
95, with 2,261 ,5G1 spindles, II, 4j5 looms,
consuming 643, 204 bales of cotton of the
average weight Of 392 pounds.
In its weekly review of the cotton move
ment, the Chronicle says that for the week
ending September 8, the total receipts have
reached s., 437 bales, against 80, 300 bales
last week, 19,2T0 bales the previous week,
and 9,649 bales three weeks since, making
the total receipts since the first of Septem-
Der, 1887, l00,936 bales, against 54,344
bales for the same period of 1886, showing
an increase since September 1, 1887, of
4G,Cl2 bales.
The exports for the week reach total of
1S,015 bales, of which 1G, 4G1 We're to Great
Britain, 100 to France and ], 454 to the rest
of the continent. The total sales for for
ward delivery for the week are 200, 400 bales.
For immediate delivery the total sales foot
up this week 1918 bales, including -
for export, 1918 for consumption, - for
speculation and - in transit. OF the above
LAO bales were to arrive.
- The imports into continental ports this
week have been $4,000 bales. There has
been an increase in the cotton in SIGHT to-
night Of 101 ,465 bales, as compared with the
same date of 1856, an increase of G9,661
bales, as compared with the corresponding
date of 1885 and a decrease of %, 974 bales,
as compared with 1884
The old interior stocks have increased
during the week s, 1852 bales and are II ,06l
bales less than at the same period last year
The receipts at the same towns have beer
Is, 1872 bales more than the same week last
year, and since September the receipts a
all the towns are Is ,235 bales more than fo
the same time in 1886.
The total receipts from the plantation
since September /, 1887, are III $50 bales
in 1886 were 5G,041 bales; in 1885 wer
s., 3S3 bales. Although the receipts at tn
outports the past week were So, 437 bales
the actual movement from plantations wa
9G,398 bales, the balance going to increas
the stocks at the interior towns. Last yea
the receipts from the plantations for tn
same week were Al, 0l9 bales, and for 1SS
they were 81, 156 bales.
In regard to New York the Chronicl
says that business for the week was inter
rupted by the new legal holiday, 'Labo
Day." on Monday last. The speculation il
cotton for future delivery at this market ha
been fairly active, but fhful and uncertain
in tone, involving pretty wide fluctuation
/ in prices. On Saturday there was mucl
/ depression, due to sales 10 realize the gen
eral discrediting of seriously adverse GRO
reports and the free movement of the neN
crop. But on Tuesday renewed buoyanc
was noted on Il renewal of unfayorable GRO
| accounts, but the best prices Of the da
/ were not sustained, and on Wednesday, al
/ ter slight fluctuations, the close was lower
Thursday a firm opening was followed b
/ decline. but Friday rumors of an advers
/ crop report from the Agricultural bureau
| in which 81 was mentioned as the probabl
/ average condition, caused a small advanc
in afternoon dealings, but the close was a